ORO PROJECTS: what changed
What changed
ORO PROJECTS
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
€11,937
2024 · €15,495-€3,558
Equity
€328,965
2024 · €317,028+€11,937
Cash
€51,099
2024 · €1,682+€49,417
Balance sheet total
€1.3m
2024 · €1.1m+€150,528
Largest movements
Assets
- Receivables within one year +€95,652
up €95,652 (+11.5%), from €833,940 to €929,591
of which Other amounts receivable: +€154,337
- Cash +€49,417
up €49,417 (+2,938%), from €1,682 to €51,099
mainly Trade debts (+€105,767) and Other debts (+€23,632)
Equity and liabilities
- Trade debts +€105,767
up €105,767 (+76.8%), from €137,684 to €243,452
- Other debts +€23,632
up €23,632 (+9.0%), from €261,835 to €285,467
Income statement
- Gross operating margin +€27,990
up €27,990 (+28.1%), from €99,560 to €127,550
- Other operating charges +€23,211
up €23,211 (+810%), from €2,865 to €26,076
- Financial charges +€6,303
up €6,303 (+32.9%), from €19,157 to €25,461
- Staff costs +€5,402
up €5,402 (+6.4%), from €84,800 to €90,202
- Financial income +€3,010
up €3,010 (+10.3%), from €29,174 to €32,185
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€15,495
Gross operating margin
+€27,990
Staff costs
-€5,402
Depreciation
-€48
Other operating charges
-€23,211
Financial income
+€3,010
Financial charges
-€6,303
Taxes
+€406
Result 2025
€11,937
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€43,300
Investment
-€1,044
Financing
+€7,161
Cash 2024
€1,682
From operations (derived)
+€43,300
Net result for the year
+€11,937
Depreciation
+€48
Stocks and contracts
-€9,017
Receivables within one year
-€95,652
Deferred charges and accrued income
+€4,554
Trade debts
+€105,767
Tax, wage and social debts
+€12,017
Advances received
-€11,809
Other debts
+€23,632
Accrued charges and deferred income
+€1,822
Investment (derived)
-€1,044
Investment in fixed assets (net)
-€1,044
Financing
+€7,161
Short-term financial debts
+€7,161
Cash 2025
€51,099
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,101,576 | €1,252,104 | +€150,528 | +13.7% |
| Fixed assets | 21/28 | €64,600 | €65,596 | +€996 | +1.5% |
| Tangible fixed assets | 22/27 | - | €996 | +€996 | |
| Furniture and vehicles | 24 | - | €996 | +€996 | |
| Financial fixed assets | 28 | €64,600 | €64,600 | = | 0.0% |
| Current assets | 29/58 | €1,036,976 | €1,186,508 | +€149,532 | +14.4% |
| Stocks and contracts in progress | 3 | €177,685 | €186,702 | +€9,017 | +5.1% |
| Stocks | 30/36 | €177,685 | €186,702 | +€9,017 | +5.1% |
| Amounts receivable within one year | 40/41 | €833,940 | €929,591 | +€95,652 | +11.5% |
| Trade receivables | 40 | €230,867 | €172,181 | -€58,685 | -25.4% |
| Other amounts receivable | 41 | €603,073 | €757,410 | +€154,337 | +25.6% |
| Cash at bank and in hand | 54/58 | €1,682 | €51,099 | +€49,417 | +2,938% |
| Deferred charges and accrued income | 490/1 | €23,669 | €19,115 | -€4,554 | -19.2% |
| Total equity and liabilities | 10/49 | €1,101,576 | €1,252,104 | +€150,528 | +13.7% |
| Equity | 10/15 | €317,028 | €328,965 | +€11,937 | +3.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €217,028 | €228,965 | +€11,937 | +5.5% |
| Non-distributable reserves | 130/1 | €7,179 | €7,776 | +€597 | +8.3% |
| Legal reserve | 130 | €7,179 | €7,776 | +€597 | +8.3% |
| Distributable reserves | 133 | €209,849 | €221,189 | +€11,340 | +5.4% |
| Amounts payable | 17/49 | €784,548 | €923,139 | +€138,591 | +17.7% |
| Amounts payable after more than one year | 17 | €200,000 | €200,000 | = | 0.0% |
| Financial debts | 170/4 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €489,814 | €626,582 | +€136,768 | +27.9% |
| Financial debts | 43 | €42,839 | €50,000 | +€7,161 | +16.7% |
| Credit institutions | 430/8 | €42,839 | €50,000 | +€7,161 | +16.7% |
| Trade debts | 44 | €137,684 | €243,452 | +€105,767 | +76.8% |
| Suppliers | 440/4 | €137,684 | €243,452 | +€105,767 | +76.8% |
| Advances received on contracts in progress | 46 | €11,809 | - | -€11,809 | |
| Taxes, remuneration and social security | 45 | €35,646 | €47,663 | +€12,017 | +33.7% |
| Taxes | 450/3 | €25,617 | €29,167 | +€3,550 | +13.9% |
| Remuneration and social security | 454/9 | €10,029 | €18,496 | +€8,467 | +84.4% |
| Other amounts payable | 47/48 | €261,835 | €285,467 | +€23,632 | +9.0% |
| Accrued charges and deferred income | 492/3 | €94,734 | €96,557 | +€1,822 | +1.9% |
| Non-recurring operating income | 76A | €8,512 | - | -€8,512 | |
| Remuneration, social security and pensions | 62 | €84,800 | €90,202 | +€5,402 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €48 | +€48 | |
| Other operating charges | 640/8 | €2,865 | €26,076 | +€23,211 | +810% |
| Gross operating margin | 9900 | €99,560 | €127,550 | +€27,990 | +28.1% |
| Operating profit (loss) | 9901 | €11,895 | €11,224 | -€671 | -5.6% |
| Financial income | 75/76B | €29,174 | €32,185 | +€3,010 | +10.3% |
| Recurring financial income | 75 | €29,174 | €32,185 | +€3,010 | +10.3% |
| Financial charges | 65/66B | €19,157 | €25,461 | +€6,303 | +32.9% |
| Recurring financial charges | 65 | €19,157 | €25,461 | +€6,303 | +32.9% |
| Profit (loss) for the period before taxes | 9903 | €21,912 | €17,948 | -€3,964 | -18.1% |
| Income taxes | 67/77 | €6,417 | €6,010 | -€406 | -6.3% |
| Profit (loss) for the period | 9904 | €15,495 | €11,937 | -€3,558 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,495 | €11,937 | -€3,558 | -23.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.